VTEX (VTEX) Misses Q1 EPS by 1c, provides outlook

VTEX (NYSE: VTEX) reported Q1 EPS of $0.02, $0.01 worse than the analyst estimate of $0.03. Revenue for the quarter came in at $60.7 million versus the consensus estimate of $60.78 million.

Business Outlook

2026 is a transformational year for VTEX as we bring our AI-native commerce vision to life through tangible product innovation. We remain focused on our core growth levers, Global Expansion, B2B, Ads, and AI, while continuing to invest in technology to reaccelerate performance for both VTEX and our customers.

Despite a volatile macro environment, our disciplined execution supports improving profitability and sustained investment in R&D. We are encouraged by the quality of new customer additions, continued expansion within our base, and our strong positioning with global enterprises, reinforcing our confidence in long-term growth and value creation.

For the second quarter of 2026, we are targeting:

Subscription revenue to grow at a low-to-mid single digit percentage rate on an FX-neutral year-over-year basis;
Gross profit to grow at a mid-single digit percentage rate on an FX-neutral year-over-year basis;
Non-GAAP income from operations to be in the high-teens to low-twenties percentage margin; and
Free cash flow to be in the high-teens to low-twenties percentage margin.

For earnings history and earnings-related data on VTEX (VTEX) click here.

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